Ola and Uber look beyond cab hailing to drive growth

Mobility startups in India raised $1.17 billion across 56 rounds in the first nine months of the year, compared to $542 million across 61 rounds through all of last year, data shared by venture fund industry tracker Tracxn shows.

About 70% of the customers of two-wheeler taxis and rentals have switched from cab usage, according to data shared by PGA Labs.

“People are looking for affordable options of travel, 4-wheeler taxis are not affordable to a large part of the population,” said Aryaman Tandon, Director, PGA Labs.

Featured Leader: Aryaman Tandon

This article was originally published on ET Rise. Read more.

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